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SAIL plans $8 bn investment in Chhattisgarh

Naya Raipur, Nov 2: State-owned steel major SAIL on Friday said it plans to invest $ 8 billion (around Rs 42,000 crore) in Chhattisgarh, but did not share the timeline.“We have already invested $ 12

PTI [ Updated: November 02, 2012 18:16 IST ]
sail plans 8 bn investment in chhattisgarh
sail plans 8 bn investment in chhattisgarh

Naya Raipur, Nov 2: State-owned steel major SAIL on Friday said it plans to invest $ 8 billion (around Rs 42,000 crore) in Chhattisgarh, but did not share the timeline.




“We have already invested $ 12 billion in the state and another $ 8 billion is in the pipeline,” CMD SAIL C S Verma said while addressing a gathering at Global Investors Meet here.

SAIL also plans to enhance the capacity of its Bhilai steel plant from 4 million tonnes per annum (MTPA) to 10 MTPA.

“We are expanding the capacity of Bhilai plant from 4 MTPA to 7.5 MTPA and further 10 MTPA,” Verma said without divulging any timeline for the proposal.

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